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Challenges of a Sustainable Housing Finance System in India

Author

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  • M. Mahadeva

    (M. Mahadeva is Associate Professor, ADRT Centre, Institute for Social and Economic Change (ISEC), Bangalore, India; e-mail: mahadeva@isec.ac.in)

Abstract

The Indian housing finance market (HFM) has failed to promote housing development across the country. In its desire to stabilise itself mainly in the major urban areas, the HFM has largely neglected issues of the housing sector in rural and less–developed regions. Further, the financial housing needs of a large segment of the population are not being addressed. They continue to rely on informal sources for housing finance. This paper describes and analyses the major issues confronting India's HFM. It offers policy options to make the HFM more effective in addressing the hitherto neglected segment, the rural and less–developed region.

Suggested Citation

  • M. Mahadeva, 2009. "Challenges of a Sustainable Housing Finance System in India," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 3(1), pages 41-61, February.
    • Handle: RePEc:sae:mareco:v:3:y:2009:i:1:p:41-61
    DOI: 10.1177/097380100800300103
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    References listed on IDEAS

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    1. Don C. I. Okpala, 1994. "Financing Housing in Developing Countries: A Review of the Pitfalls and Potentials in the Development of Formal Housing Finance Systems," Urban Studies, Urban Studies Journal Limited, vol. 31(9), pages 1571-1586, November.
    2. Buckley, Robert M, 1994. "Housing Finance in Developing Countries: The Role of Credible Contracts," Economic Development and Cultural Change, University of Chicago Press, vol. 42(2), pages 317-332, January.
    3. Aurora Ferrari, 2007. "Access to Financial Services in Nepal," World Bank Publications - Books, The World Bank Group, number 6687, December.
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